On 20 December, the EU Platform on Sustainable Finance published two documents in relation to the Taxonomy Regulation Article 8 Disclosures Delegated Regulation:
- An EU Taxonomy NACE alternate classification mapping: to help users of the EU Taxonomy locate their activities among those which are included and described in the delegated act and for which technical screening criteria are established, and for which corresponding NACE codes that can be associated with that activity are provided.
- Considerations on voluntary information as part of Taxonomy-eligibility reporting: to support non-financial and financial entities wishing to make voluntary disclosures related to the Article 8 Disclosures Delegated Act for in-scope entities only. It supplements the Commission’s FAQ document.
EC publishes FAQ on Taxonomy Regulation Article 8 Disclosures Delegated Act.pdf
Insurance Europe – platform for questions and interpretations on Art. 8 Taxonomy disclosures
Article 8 of the Taxonomy Regulation requires undertakings subject to the Non-Financial Reporting Directive to publish information on how and to what extent their activities are associated with economic activities that qualify as “environmentally sustainable” under the Taxonomy Regulation. The Disclosures Delegated Act (DA) was published on 10 December to specify the information the content, presentation and methodology of the information to be disclosed.
In 2022, non-financial and financial undertakings are only required to report on the taxonomy-eligibility of their economic activities and assets. The European Commission (EC) published two sets of FAQs (here and here) to provide implementation guidelines on taxonomy-eligibility reporting and clarification of certain legal provisions of the Disclosures DA.
Members’ platform for questions and interpretations on Art. 8 Taxonomy disclosures.xlsx